People often worry that a pre-existing condition may exclude them from insurance coverage.
Many Canadians have some kind of pre-existing conditions, such as diabetes, asthma or other manageable conditions that don’t have a debilitating impact on their daily lives. Insurance is certainly available for anyone with this kind of condition. If you have a pre-existing condition, you will likely be given what is called a “rated” policy. This policy may carry a higher premium and will generally require medical tests before you will be approved for coverage, such as a blood or urine test, to ensure that you do not have any other conditions.
What most people don’t know is that insurance coverage is also available for survivors of more serious conditions such as heart disease, stroke or cancer. Generally, these policies can only be purchased a certain number of years after the date that the patient was pronounced as recovered from the condition and are mostly sold as a rated policy.
Coverage is usually not available to any individual who does not meet eligibility or who:
a) Has been diagnosed with a terminal illness;
b) Has been diagnosed with or has had an episode of congestive heart failure;
c) Has Acquired Immune Deficiency Syndrome (AIDS) or Human Immunodeficiency Virus (HIV);
d) Has Alzheimer’s disease or any other type of dementia;
e) Has received any type of treatment for pancreatic cancer, liver cancer or any type of cancer that has metastasized;
f) Has been prescribed or used home oxygen treatment in the last 12 months;
g) Has had a major organ transplant (heart, kidney, liver, lung);
h) Has received kidney dialysis treatment in the last 12 months.
You are eligible to apply for coverage if you meet the eligibility requirements stated above.
For more information on travel insurance, visit us at www.biis.ca or call 1-888-267-4461. Our staff would be pleased to answer all your inquiries.